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Mashreq Partners with Silent Eight for Compliance Alert Adjudication

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Leading financial institution in MENA region selects AI-based platform to process and resolve customer screening alerts related to anti-money laundering and sanctions requirements.Silent Eight’s groundbreaking platform allows financial institutions to reduce manual  workloads and risk while maintaining sustainable growth plans. DUBAI, UAE and SINGAPORE, May 8, 2024 /PRNewswire/ — Mashreq, a leading financial institution in the MENA region, today announced that it has selected Silent Eight to provide Name Screening and Adverse Media Alert Adjudication automation capabilities related to sanctions and anti-money laundering regulatory requirements.

Silent Eight is a pioneering RegTech company whose artificial intelligence-based platform offers solutions across the compliance workflow. This strategic partnership will allow for Mashreq to maintain its innovative solution offerings, reduce workflow and resolution times for compliance alerts, and identify true risks in a faster and more efficient way.
Under the partnership announced today, Silent Eight will provide Mashreq with a solution for Alert Adjudication, in which alerts related to potentially risky or proscribed customers are evaluated, false positives are quickly investigated and closed, and potential true positive alerts are more quickly escalated to Mashreq analysts. Through the efficiency gains offered by Silent Eight’s platform, Mashreq will easily be able to improve its processing rates and reduce friction at the time of customer onboarding.
The multi-year partnership aligns with Mashreq’s core strategy of leveraging digital tools and other innovations in order to enhance convenience for customers and also significantly reduces the bank’s environmental footprint. Thanks to the power of Silent Eight’s AI platform, Mashreq’s compliance and risk professionals will be able to easily identify and investigate alerts that represent genuine financial crime risk.
“Mashreq has stood out amongst financial institutions in the Middle East and North Africa for its commitment to innovative banking solutions, as well as strengthening the overall safety of the global banking system,” said Ben Rayner, Regional Head of UK & EMEA for Silent Eight. “Our Name and Adverse Media Adjudication Platform is perfectly tailored to the compliance and business needs of fast-growing financial institutions, and we’re excited to help support Mashreq’s current and future ambitions.”
“At Mashreq, we are committed to maintaining the highest standards of compliance and regulatory adherence as well as leveraging cutting-edge solutions, and our partnership with Silent Eight is a testament to this commitment,” said Scott Ramsay, Group Head of Compliance & Bank MLRO, Mashreq. “With increasing regulatory requirements surrounding sanctions and anti-money laundering, it is crucial for us to adopt innovative technologies that can effectively and efficiently identify potential risks. Silent Eight’s automation capabilities and AI-driven approach will enable us to stay ahead of evolving threats, ensuring compliance and safeguarding our customers’ interests.”
About  
Silent EightSilent Eight is a RegTech company that partners with financial institutions to create solutions  blending the best of humans and the best of technology, leveraging artificial intelligence. SilentEight’s solution, automates the alert screening, investigation and adjudication process byreplicating human reasoning and decision making based on historical case data and continuouslearning. Silent Eight enables financial institutions to reduce false positives, increase accuracy,and enhance auditability of their compliance operations. Silent Eight works with some of thelargest banks and insurance companies in the world, including Standard Chartered, HSBC, FirstAbu Dhabi Bank and Emirates NBD. Silent Eight is headquartered in Singapore and has officesin New York, London, Warsaw, and Bangalore. For more information, visit www.silenteight.com.
About Mashreq
Mashreq is a more than half-century old bank, yet proudly thinks like a challenger, startup, and innovator. Mashreq pioneered key innovations and developments in banking, starting with entry-level digital-first customers, all the way to powering some of the region’s most prominent corporations and wealth accounts.
The bank’s mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them reach fulfillment, achieve financial goals, and unlock their vision of success.
Reassuringly present in major financial centres of the world, Mashreq’s home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers.
Find your way to Rise Every Day at www.Mashreq.com/RiseEveryDay.
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Artificial Intelligence

Trip.com Group Outlines Future Growth Strategies at Envision 2024 Global Partner Conference

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SHANGHAI, May 30, 2024 /PRNewswire/ — Trip.com Group set the stage for transformative growth at the Envision 2024 Global Partner Conference, sharing its strategic vision with over 1,600 partners from more than 50 countries and regions. The conference, focused on the forward-looking theme of “Charting the Next Chapter of Our Growth Together”, revealed pivotal trends and opportunities that will drive the travel industry forward.

The Spirit of Innovation in Travel
As the travel industry moves beyond the recovery phase and enters a period of rapid growth, a pressing question arises: “What comes next?” This anticipation was met with enthusiasm at the conference, where future growth areas were a focal point. The sustained investment in innovation and technological advancements emerged as a pivotal strategy, with a particular emphasis on the transformative potential of AI.
Mr. James Liang, Co-founder and Chairman of Trip.com Group, highlighted the key role of innovation in staying at the forefront of the travel industry, citing TripGenie, Trip.com’s AI travel assistant, as one of the innovative ways technology can revolutionise the travel planning and booking process.
“Every industry needs to innovate and so does the travel industry. We are constantly innovating in terms of efficiency, quality, customer service and even marketing. For instance, AI such as TripGenie can enhance customer service and marketing by integrating technology and content, to provide the best value to our customers,” he said.
Mr Liang also emphasised AI’s widespread impact on the travel industry, boosting productivity, enhancing customer service, and providing users with highly personalised travel recommendations.
For example, Trip.com’s AI-curated lists are able to provide travellers with the top-ranked offerings as well as the best deals. This enables a higher level of personalisation at every stage of the travel journey, with AI as a powerful enabler.
Expanding Fast on the World Stage
Ms. Jane Sun, CEO of Trip.com Group, highlighted that Trip.com Group has seen unprecedented growth in 2023. The Group’s international growth last year has been especially remarkable, with 100% international growth year-on-year. The first quarter of 2024 was also off to a strong start, with global travel provider Trip.com generating revenue with over 80% growth year-on-year.
Plans were shared for significant investments in the Asia-Pacific region, and further expansion into the rest of the world, positioning the company to capitalise on global opportunities. Additionally, the Group has forged strategic partnerships with tourism bureaus, major hotel chains, airlines, train operators, and local travel providers worldwide.
Currently, the company has over 1.7 million global accommodation listings, flights from over 600 airlines, and a network of over 90,000 ecosystem partners, including group tours, attractions, and car rental providers.
At the conference, China’s burgeoning potential in the global travel arena was also highlighted, with the further relaxation of visa-free restrictions, payment facilitations, and tourism promotion strategies such as free layover transit tours launched in Shanghai and engaging marketing campaigns that showcase the country’s offerings.
The Group also reiterated its commitment to quality customer service, revealing that the human touch is key to ensuring travellers enjoy a wonderful trip.
Sustainability was also another key theme, with Trip.com Group integrating strong ESG (Environmental, Social, and Governance) commitments into its business goals. These ESG initiatives include promoting low-carbon travel options, supporting family-friendly policies, and community revitalisation, all to ensure mutual benefits for customers, partners, and the wider community.
Sector Highlights
Key leaders from the Group also spoke on the breakthroughs and new developments in each sector, showcasing the multi-faceted world of travel. Highlights include:
Air Travel: Achieved record domestic travel and strong outbound growth, securing the top OTA position in the Asia-Pacific region.
Hotel Bookings: Significant growth with over 8,000 hotels offering Hotel+X products. Preferred Partner Program attracted 2,000+ partners, while Trip.Best expanded to over 20,000 hotels, with new themes: “boutique homestays” and “newly opened hotels”.
International Train Business: Expanded operations in Europe, and international ticket sales doubled in the latter half of 2023. Shown 122% year-on-year growth in early 2024.
Vacation Business: Record sales in vacation packages, and will expand ticketing services globally in the year ahead with 16 new sites and 8 new service languages. Plans to expand car rental services to Thailand, Japan and other markets.
Corporate Travel: Trip.Biz showed three-digit growth, with significant increases in hotel and flight bookings. Plans for expansion in Greater China, North Asia, Southeast Asia, Middle East, and site deployment in Europe, North America, and Oceania.
FinTech and TripLink: Expanded global presence by supporting 35 payment currencies, all international card schemes, and 25 local alternative payment methods. Expanded global insurance coverage for flights, hotels and rental cars.TripLink offers premium payment solutions to tourism partners.
Marketing Innovations: Successful mega-sales events, TV advertising and airport activations. Increased new user registrations and attained high conversion rates. Made strong destination marketing efforts with tourism boards worldwide.
Technological Advancements: Investments in technology centres. AI travel assistant TripGenie now supports voice and text conversations in nine languages, with new support for Italian, Dutch and Malay available by end June.
Customer Service: Trustpilot rating improved to 4.2 stars. Continuously enhancing AI capabilities in diverse markets and production lines to enhance service efficiency.
With diverse new developments launched by the company, Ms Sun took the opportunity to thank the Group’s partners for their support.
“The travel industry is a vital driver of global GDP and job creation, and at Trip.com Group, we are proud to be at the forefront, using travel as a bridge for peace and prosperity. With the support of our partners, we are ready to turn the page to the next chapter of our journey and embrace fresh opportunities together.”
About Trip.com Group
Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.
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iFOREX Launches Revolutionary AI Trading Assistant

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ROAD TOWN, British Virgin Islands, May 30, 2024 /PRNewswire/ — iFOREX, a leading name in the world of online trading, is proud to announce the launch of its innovative artificial intelligence tool designed to enhance the trading experience for its users. This cutting-edge AI assistant is now live on the iFOREX website, providing traders with instant answers to their questions about trading with this renowned broker. 

Revolutionizing the Trading Experience
In a bid to stay ahead in the rapidly evolving trading industry, iFOREX has developed an AI tool that offers users the ability to ask a wide range of trading-related questions and receive immediate, accurate responses. Whether you’re a seasoned trader or a newcomer to the trading world, this AI assistant is set to become an invaluable resource for all your trading inquiries.
Empowering Traders with Information
The new AI assistant on the iFOREX platform is designed to address the needs of both novice and tech-savvy traders, who demand quick and reliable information. From understanding market concepts to navigating the iFOREX trading platform, users can now rely on this intelligent tool for comprehensive support.
“Trading can be complex and time-sensitive,” said a spokesperson from iFOREX. “Our new AI assistant is here to simplify the process, providing our clients with the information they need, precisely when they need it. This innovation underscores our commitment to leveraging the latest technology to enhance our clients’ trading experience.”
Explore the Future of Trading Today
Traders interested in experiencing this revolutionary AI assistant can visit the iFOREX website and start asking their trading questions immediately. This new tool represents a significant step forward in how iFOREX supports its users, offering them unprecedented access to information and assistance in real-time.
About iFOREX
iFOREX is a globally recognized broker, offering a wide range of trading instruments and services. With a commitment to innovation and customer satisfaction, iFOREX continues to lead the way in providing traders with the tools and resources they need to succeed.
For more information about the AI trading assistant or to start using it today, visit the [iFOREX website] at iforex.com.

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Artificial Intelligence

SCOPE AI ENGAGES WITH AD AGENCIES AND NETWORKS TO OPTIMIZE GEM PLATFORM

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VANCOUVER, BC, May 30, 2024 /PRNewswire/ — Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) (“Scope” or the “Company”) is excited to announce its collaboration with several leading ad agencies and ad networks. This initiative aims to gain insights into the primary challenges these organizations face in analyzing the efficacy of different ad creatives and page layouts, as well as the difficulties and costs associated with testing.

These friendly collaborations are part of Scope AI’s commitment to ensuring that the functionality and features of its GEM (General Enterprise Machine Learning) platform are the best market-product fit. By engaging directly with industry professionals, Scope AI is gathering critical feedback to refine and enhance GEM’s capabilities, making it a more valuable tool for advertisers, brands, agencies, and Adtech service providers.
GEM, Scope AI’s flagship product, is designed to revolutionize the advertising technology sector through advanced AI-driven visual recognition and neural network technology. The platform will enable users to streamline processes, maximize return on ad spend, and analyze user behavior through custom neural networks without the need for expensive and risky live campaign testing.
“Our approach is to start with the pain points of our potential users and build solutions based on those insights,” said James Young, CEO of Scope AI Corp. “We believe in understanding the real-world challenges faced by our partners, rather than falling into the common software trap of ‘build it and they will come.’ This collaboration ensures that GEM is not just another tool, but a solution that addresses the specific needs of the advertising community.”
Scope AI’s commitment to innovation and user-centric development is further evidenced by its expanding development team, which is focused on incorporating feedback from these collaborations into the GEM platform. By doing so, Scope AI aims to deliver cutting-edge AI solutions that drive growth, productivity, and campaign performance in the advertising technology sector.
About Scope AI Corp.:
Scope AI Corp. is a leading technology company headquartered in Vancouver, British Columbia, dedicated to advancing the field of artificial intelligence. With a focus on visual recognition and neural network technology, Scope is committed to empowering businesses and industries with innovative solutions that drive growth and innovation.
For more information please visit Scope AI Corp., [email protected], or follow along on social media.
LinkedIn: scope-ai-corpFacebook: Scope AI CorpTwitter: https://twitter.com/ScopeAICorp
Contact Information James Young, Chief Executive Officer(604) [email protected]
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements that constitute forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “aim”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company’s prospectus dated August 10, 2022, a copy of which is available under the Company’s profile on SEDAR at www.sedar.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company’s business. For more information on the risks, uncertainties and assumptions that could cause anticipated opportunities and actual results to differ materially, please refer to the risk factors set out in the Company’s prospectus dated August 10, 2022, a copy of which is available under the Company’s profile on SEDAR at www.sedar.com. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.
The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
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